La inflación repunta en agosto hasta el 4,3% por el encarecimiento de los carburantes

Inflation surged in August to 4.3%, driven by higher fuel prices due to the ongoing energy shock from the war in Iran, according to the National Statistics Institute (INE). The IPC for August stood at 4.3% year-over-year, a seven-tenth increase from July's 3.6%. This marked the highest level since February 2023, when inflation reached 6%.

The spike in inflation marked two consecutive months of increases and the first time inflation surpassed 4% since April 2023. Rising fuel and motor oil prices contributed to the inflation, with gasoline prices falling less than in August 2025 and food and non-alcoholic beverages prices falling even less than the previous year. The overall inflation rise did not transfer to the underlying component, which excluded energy and unprocessed food, and declined by a tenth to 2.9% year-over-year.

Monthly consumption prices rose by 0.7% compared to July, according to the advance IPC indicator. The Ministry of Economy reminded in a press release that the Plan Response measures remain in effect according to the announced schedule: the reduction of the Hydrocarbon Tax applicable to gasoline increases to 20 cents per liter starting September 1, while the reduction of gasoline remains at 5 cents per liter. The rest of the measures continue active per the Real Decreto-Lei 18/2026.